【震惊】【重磅】MEX大道，Maju holding违约不还钱

坏孩子1989

Highway operator MEX II defers RM1.3b Islamic bond principal, profit payments

KUALA LUMPUR (April 27): MEX II Sdn Bhd has deferred the highway operator’s RM1.3 billion Islamic medium term notes' principal repayment and profit payments due on April 28 and 30, 2021 for up to four months following approval from holders of the Islamic bonds or sukuk, according to facility agent CIMB Investment Bank Bhd.

CIMB said in a filing yesterday with Bank Negara Malaysia’s (BNM) Fully Automated System for Issuing/Tendering (FAST) website that  the principal repayment and profit payments had been deferred to Aug 27, 2021.

According to CIMB, the deferment involves “the principal repayment and periodic distribution amount in respect of tranche 1 (stock code: VI160132) which are due on April 28, 2021, and the periodic distribution amount in respect of tranches 2 to 14 (stock codes: VJ160133, VK160134, VL160145, VM160135, VN160136, VO160137, VP160138, VQ160139, VR160140, VS160141, VT160142, VU160143 and VV160144) which are due on April 30, 2021".

"For the avoidance of doubt, there will not be any additional periodic distribution amount payable by the issuer in respect of tranche 1 for the deferment period as a result of the deferment of principal repayment under tranche 1.

"lease refer to the sukuk trustee's letter dated April 26, 2021 for details,” CIMB said, without specifying the amount of profit payments under MEX II’s RM1.3 billion Islamic bonds.

CIMB did not attach the sukuk trustee’s letter in the filing with BNM’s FAST website.

MEX II is an operating entity of Maju Holdings Sdn Bhd, which also owns Maju Expressway Sdn Bhd (MESB) via wholly-owned subsidiary MEX I Capital Bhd.

MESB is the concessionaire of the 26km Maju Expressway in the Klang Valley, according to MESB’s website.

MEX II was set up to issue bonds to raise money to finance the proposed 18km Putrajaya-KLIA highway, according to MESB.

Last Wednesday, it was reported that MEX II had deferred coupon payment due on April 30, 2021 for the highway operator’s RM150 million junior bonds as the requisite conditions pursuant to the trust deed dated April 20, 2016 had yet to be fulfilled, according to CIMB’s filing last Tuesday.

债卷毁约不还钱，就几乎等同破产了

Maju是马哈迪的好朋友，PH年代，政府曾经考虑把南北大道卖给Maju holding的
https://www.orientaldaily.com.my ... n/2019/08/26/303844
https://www.malaysiakini.com/news/512933


2020年11月，MARC downgrade MEX bond to BBB from A
https://www.marc.com.my/index.ph ... g-to-bbbis-20201118

2021年3月，MARC downgrade MEX bond to C from BBB
https://www.theedgemarkets.com/a ... -liquidity-pressure

C = "High likelihood of default, with little capacity to address further adverse changes in financial circumstances."

哈哈哈这样的垃圾公司，PH当年竟然想要把南北大道卖给他哈哈哈哈

4399

Sb, 破产了可以便宜收購回，说句是public interest 搞定。

坏孩子1989

4399 发表于 27-4-2021 07:33 PM
Sb, 破产了可以便宜收購回，说句是public interest 搞定。

搞大道搞到破产的，马哈迪的bff真是厉害

虽然MEX是KL - KLIA，但早期赚的钱，都入自己口袋

4399

坏孩子1989 发表于 27-4-2021 07:35 PM
搞大道搞到破产的，马哈迪的bff真是厉害

虽然MEX是KL - KLIA，但早期赚的钱，都入自己口袋

人家吃饱抹嘴，楼主在空叹气